Have Insurance To Protect Your Beloved Home

 HAVE INSURANCE TO PROTECT YOUR BELOVED HOME

Do you know, friends, property insurance or home insurance products that we know are basically general insurance products from fire insurance, namely an insurance or coverage that provides compensation for financial losses suffered by the insured for loss or damage to the insured property, as a result standard risk of fire, namely losses caused by fire, lightning, explosion, falling aircraft, and smoke guaranteed by the policy.

Here are four reasons why property insurance is important:

Providing financial loss protection against the risk of damage to property and the goods in it Property insurance can provide financial protection for the insured's building listed in the insurance policy in the event of damage or destruction caused by risks that are also listed in the property insurance policy.

The value of the house is maintained Apart from being a place to live, the house is also an asset as a high-value investment. If the house is damaged, of course the value of the asset will decrease. Now by having insurance, the value of the house will be maintained because you can immediately renovate the damage to the building with the sum insured guaranteed by the insurance.

The premium value is relatively affordable. Property insurance premiums are fairly affordable, but unfortunately many don't know about it. If you compare the value of the house and its contents compared to the premiums that must be paid, then the costs are very small compared to the financial losses that must be borne alone if an unwanted event occurs. Property insurance benefits are much higher than the cost of premiums paid.

Relieve sudden expenses and provide a sense of security. House damage often occurs suddenly and requires a lot of money for the renovation process. This can disrupt your financial stability, especially if you don't have emergency fund savings, you feel worried about the risks that can occur at any time. Property insurance can make you feel safer and calmer, because the house is protected and guaranteed by the insurance company.

The main guarantee that you will get from having property insurance is coverage for building damage due to fire, lightning, explosion, falling aircraft and smoke or abbreviated as FLEXAS (Fire, Lighting Explosion, The Impact Of Falling Aircraft, And Smoke). In addition to these main guarantees, you can also get extended guarantees by adding premium costs. The expansion guarantee may include:

Floods, storms, hurricanes and water damage.

Damage due to demolition and other guarantees other than those excluded in the policy.

Riots, strikes, misconduct and riots.

Terrorism and sabotage.

Earthquakes, volcanic eruptions and tsunamis.

In terms of protecting your home from FLEXAS, you can also use fire insurance. What is the difference between fire insurance and property insurance? If Fire Insurance only guarantees losses due to risks of fire, lightning strikes, explosions, falling aircraft and smoke, then Property All Risk (PAR) Insurance covers all damages and losses caused by various kinds of risks, not limited to fire. Property All Risk Insurance also has additional protection in the form of expanding coverage against disaster risks such as typhoons, storms, floods and water damage.

If you already understand property insurance, make sure you choose the right product. Here are tips on choosing property insurance:

1. Choose an insurance product according to your needs. Before buying an insurance product, first check the location and condition of the property that we will insure, starting from construction materials, types and plumbing systems, and electrical installations. Also find out the potential risks of natural disasters or floods that might occur at the location of the house. Choose property insurance that suits your needs with affordable premiums.

2. Understand the insurance policy. Each insurance company has different provisions regarding risks that can be guaranteed. For this reason, before buying, read and understand the insurance policy first, find out the coverage and guarantee value of the insurance product and don't forget to pay attention to the exclusions in the insurance policy.

3. Understand how to submit a claim. One of the problems that often occurs in insurance is failure to make a claim. For this reason, you need to understand the methods and conditions for submitting claims in property insurance products.

4. Make sure to buy insurance products from licensed insurance companies supervised by OJK.

That's an explanation of property insurance. Friends, whether you realize it or not, by having property insurance, we indirectly protect our own finances. So if you understand, let's have property insurance